Company:De'Longhi

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Short description: Italian small appliance manufacturer
De'Longhi S.p.A.
TypePublic
Short description: Italian stock exchange
Borsa Italiana
TypeStock exchange
LocationMilan, Italy
Founded1808; 218 years ago (1808)
OwnerLondon Stock Exchange Group
Key peopleAndrea Sironi (Chairman)
Raffaele Jerusalmi (CEO)
CurrencyEUR
No. of listings353
Market capEUR[1] (2017) € billion 2,370.00 ($ billion 2,960.00)
VolumeUnited States dollar 738 billion
IndicesFTSE MIB
FTSE Italia All-Share
FTSE Italia Mid Cap
FTSE Italia Small Cap
FTSE AIM Italia

Borsa Italiana S.p.A., based in Milan, is Italy's only stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.[2]

Following exchange privatisation in 1997, the Company was established and became effective since 2 January 1998.[3] It is now a subsidiary of the London Stock Exchange Group plc since 23 June 2007.[4]

In 2015, overall capitalisation for listed company on Borsa Italiana was worth €567.2 billion, representing 34.8% of Italian GDP.[5]

Borsa Italiana is also informally known as Piazza Affari ("Business Square"), after the city square of Milan where its headquarters (the Palazzo Mezzanotte building) is located.

Borsa Italiana is chaired by Andrea Sironi, and Raffaele Jerusalmi is the CEO. They are both directors of the London Stock Exchange Group.[6]

Borsa Italiana is regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB), an agency of the Ministry of Economy and Finance, based in Rome.

History

The Borsa di commercio di Milano (Milan Stock Exchange) was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, through decrees dated 16 January and 6 February 1808.[7] It operated under public ownership until 1998, when it was privatized.[8] In 1997, all the Italian stocks were merged. Before of this year other smaller stocks exchanges based in Naples, Turin, Trieste, Venice, Genoa, Florence, Bologna, Rome, and Palermo. In 1991 the electronic exchanges were approved and in 1994 the market with grida (A,B,C) was abolished. In Milan were also the currencies exchange rates fixing and the commodities fixing.[9]

On 1 October 2007, Borsa Italiana was merged with the London Stock Exchange in an all-share takeover,[10] thus becoming part of the London Stock Exchange Group. In March 2016, the London Stock Exchange Group announced the agreement to merge in an all-stock deal with Deutsche Borse, but was subsequently blocked by the EU Competition Regulator.[11]

Operations

Borsa Italiana acts as a market management firm operating with autonomy and flexibility. It organises and manages the domestic stock market along with Italian and international brokers through fully electronic trading system. Among its leading tasks, Borsa Italiana supervises listed companies, defining rules for admission and listings and supervising transaction activities.[12]

Trading hours

File:L.O.V.E. sculpture by Maurizio Cattelan in front of Milan Stock Exchange.jpg
L.O.V.E. sculpture by Maurizio Cattelan in front of Milan Stock Exchange
The exchange has pre-market sessions from 08:00am to 09:00am, normal trading sessions from 09:00am to 05:30pm and post-market sessions from 06:00pm to 08:30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[13]

Markets

Major trading markets for Borsa Italiana are:

  • MTA, the leading equity market, which is devoted to mid and large-size companies. It includes two segments: STAR, for mid-sized firms, and MTA International, on which shares from non-Italian issuers already listed on other European markets are traded;[14]
  • AIM Italia, which collects stocks by small and medium high-growth companies;[15]
  • MIV (Market For Investment Vehicles), on which retail and professional investors operates on investment vehicles which have a defined strategic vision;[16]

Borsa Italiana also include markets for derivatives (IDEM),[17] ETF (ETFPlus) and bonds (MOT).[18]

Indices

Borsa Italiana's main indices are:[19]

  • FTSE Italia All Share
  • FTSE MIB, a capitalisation-weighted index of 40 of the biggest companies chosen to represent 10 economic sectors, created in 2009[20]
  • FTSE Italia Mid Cap
  • FTSE Italia Small Cap
  • FTSE AIM Italia
  • AIM Italia Investable

Listed companies

See also

References

Notes

  1. ↑ "Borsa in tempo reale - Listino completo - Milanofinanza.it". https://www.milanofinanza.it/quotazioni/ricerca/capitalizzazioni. Retrieved 4 April 2018. 
  2. ↑ italy24.ilsole4ore.com, "Borsa Italiana"
  3. ↑ source sense.com, "Borsa Italiana"
  4. ↑ news.bbc.co.uk, "London Stock Exchange Buys Borsa"
  5. ↑ borsaitaliana.it, "2015 Highlights"
  6. ↑ lseg.com, "Board"
  7. ↑ http://www.historytour.it, "History Tour – Borsa Italiana "
  8. ↑ "Historical Stages". Borsa Italiana. http://www.borsaitaliana.it/headerservices/bicentenario/tappestoriche.en.htm. [|permanent dead link|dead link}}]
  9. ↑ "24 dicembre 1802: viene istituita la Borsa Valori di Roma -". 24 December 2016. http://www.parmadaily.it/293111/24-dicembre-1802-viene-istituita-la-borsa-valori-di-roma/. Retrieved 4 April 2018. 
  10. ↑ "I Principali Indici di Borsa Italiana dopo la fusione con la Borsa di Londra". 21 January 2020. https://toptrading.org/indici/indici-borsa-italiani/. 
  11. ↑ competitionpolicyinternational.com, "EU: LSE and Deutsche Börse officially announce merger"
  12. ↑ borsaitaliana.it, "EU: LSE and Deutsche Börse officially announce merger[yes|permanent dead link|dead link}}]"
  13. ↑ Market Hours, Italian Stock Exchange via Wikinvest
  14. ↑ lseg.com, "MTA "
  15. ↑ lseg.com, "AIM Italia"
  16. ↑ lseg.com, "MIV: Trading "
  17. ↑ lseg.com, 'IDEM Equity "
  18. ↑ lseg.com, "MOT "
  19. ↑ borsaitaliana.it, "Gli indici"
  20. ↑ strategystocks.co.uk, "Milan Stock Exchange: The Italian Index "
  • Affari



IndustryHome appliances
Founded1902; 124 years ago (1902)
Headquarters
Treviso
,
Italy
Area served
Worldwide
Key people
Giuseppe De'Longhi (Chairman)
Fabio De'Longhi (Vice Chairman) and (Chief Executive Officer)
ProductsHeaters, air conditioners, vacuum cleaners, espresso machines, kitchen appliances and small appliances
Revenue€2351.3 million (2020)[1]
Number of employees
9000 (2020)[1]
Websitewww.delonghigroup.com

De'Longhi S.p.A. (Italian pronunciation: [deˈloŋɡi]; stylized as DēLonghi) is an Italian small appliance manufacturer based in Treviso, Italy.[2]

History and trading

The company was founded by the De'Longhi family in 1902 as a small industrial parts manufacturing workshop.[3] The company incorporated in 1950.[4] Historically a major producer of portable heaters and air conditioners, the company has expanded to include nearly every category of small domestic appliances in the food preparation and cooking, as well as household cleaning and ironing, segments.[5]

Products

De'Longhi is especially well known for the Artista Series espresso machines, the De'Longhi gelato maker as well as the Pinguino portable air conditioner.

De'Longhi is known for the design of its products. Its Esclusivo line of kitchen appliances won the Red Dot design award in 2007.[6] Home Furnishing News recognized the firm's Design Director Giocomo Borin[7] as one of the 50 most influential designers in the world in 2006.[8]

De'Longhi's 2000 acquisition of Climaveneta S.p.A. and DLRadiators allowed De'Longhi to enter the commercial HVACR (heating, ventilation, air conditioning and refrigeration) market.

Merger and acquisitions

Its acquisition of the British appliance maker Kenwood for £45.9 million[9] (about $66.7 million) in 2001 gave it access to Kenwood's Chinese factory. As a result, many of De'Longhi's products are now imported from China, while design and engineering remain largely in Italy.

Acquisition of a majority stake in RC Group, a leading player in datacenter cooling, in 2006 has strengthened its presence in the HVACR market.[10]

In all, the company operates 13 production facilities and 30 international subsidiaries that support sales to 75 countries worldwide. International sales account for nearly 75 percent of the group's total revenues, which topped €1.63 billion in 2010.

On 2 January 2012 the DeLclima group was set up as a demerger from De'Longhi.[11]

On 16 April 2012, De'Longhi bought perpetual rights to manufacture Braun branded products from Procter & Gamble in the small appliance segment. Procter & Gamble will continue to own the Braun brand. €50 million was paid immediately and €90 million will be paid over the next 15 years.[2]

In 2018, India based Orient Electric partnered with De'Longhi to market small kitchen appliances in India.[12]

In November 2020, De'Longhi announced the acquisition of Capital Brands, specialized in mixers for 420 million euros.[13]

Public trading

Shares in the company are traded on Milan's stock exchange.[14]

In October 2017, the Asthma and Allergy Foundation of America and Allergy Standards Limited announced that five De'Longhi dehumidifiers have earned the Asthma and Allergy Friendly Certification. These are the first dehumidifiers to receive the program's mark.[15]

See also

References

  1. ↑ 1.0 1.1 "Corporate Investor Relations and Highlights". https://www.delonghigroup.com/en/investor-relations. 
  2. ↑ 2.0 2.1 "Italy's De'Longhi buys Braun brand license". Reuters. 2012-04-16. https://www.reuters.com/article/us-delonghi-idUSBRE83F06B20120416. 
  3. ↑ "Giuseppe De'Longhi & family". Forbes. https://www.forbes.com/profile/giuseppe-delonghi/?sh=6cecf49d6e69. 
  4. ↑ Spinosa, Nicola (1990) (in es). El Arte de la corte de Nápoles en el siglo XVIII: Museo Arqueológico Nacional, Madrid, 7 marzo-6 mayo 1990. Ministerio de Cultura, Dirección General de Bellas Artes y Archivos, Centro Nacional de Exposiciones. ISBN 978-84-7483-611-0. https://books.google.com/books?id=7n5OAAAAYAAJ&q=%22De%27Longhi%22+1950. 
  5. ↑ "De'Longhi Group forms strategic partnership with Orient Electric in India". www.punekarnews.in. https://www.punekarnews.in/delonghi-group-forms-strategic-partnership-with-orient-electric-in-india/. 
  6. ↑ Falson, Sarah (6 March 2007). "De'Longhi's Esclusivo range wins two international design gongs". https://www.applianceretailer.com.au/2007/03/tejnkafefj/. 
  7. ↑ "De'Longhi PrimaDonna Class". https://good-design.org/projects/delonghi-primadonna-class/. 
  8. ↑ "Italy's De'Longhi uses its in-house molding to deliver designer brewing systems" (in en). Plastics News. 17 March 2016. https://www.plasticsnews.com/article/20160317/NEWS/303189999/italy-s-de-longhi-uses-its-in-house-molding-to-deliver-designer-brewing-systems. 
  9. ↑ White, Dominic (2001-02-17). "Kenwood cooks up a £45.9m deal with Italy's De'Longhi" (in en-GB). The Daily Telegraph. ISSN 0307-1235. https://www.telegraph.co.uk/finance/4482351/Kenwood-cooks-up-a-45.9m-deal-with-Italys-DeLonghi.html. 
  10. ↑ "De Longhi America Inc - Company Profile and News". Bloomberg.com. https://www.bloomberg.com/profile/company/0383729D:US. 
  11. ↑ "Mitsubishi Electric Enters into Agreement to Acquire Majority Interest in DeLclima". www.automotiveworld.com. https://www.automotiveworld.com/news-releases/mitsubishi-electric-enters-agreement-acquire-majority-interest-delclima/. 
  12. ↑ "Orient Electric partners Italy's De'Longhi Group to market small kitchen applian". Economic Times. https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/consumer-electronics/orient-electric-partners-italys-delonghi-group-to-market-small-kitchen-appliances-in-india/66846574. 
  13. ↑ "Italy's De' Longhi to buy U.S. blender maker Capital Brands" (in en). Reuters. 2020-11-23. https://www.reuters.com/article/us-capital-brands-m-a-de-longhi-idUSKBN2830VY. 
  14. ↑ "Equities De' Longhi SpA". Financial Times. https://markets.ft.com/data/equities/tearsheet/summary?s=DLG:MIL. 
  15. ↑ "Reducing Humidity Creates Healthier Homes for Those With Asthma and Allergies" (Press release). GlobeNewswire. 16 October 2017.




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